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Rye Patch Gold Corp.

Publié le 27 mars 2008

Extends Gold Mineralization At The Jessup Resource Project

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Mots clés associés :   Canada |
NEWS RELEASE
No. 07 - 07

Rye Patch Extends Gold Mineralization At The Jessup Resource Project

Vancouver, British Columbia, March 27, 2008 - Rye Patch Gold Corp (TSX-V: RPM and RPM.WT) ("Rye Patch" or the "Company") reports it has extended the known gold mineralized zones and identified a new drill target on the Jessup resource project. Over the past several months, field work in the form of detailed geological mapping, reverse circulation and core drillhole re-logging, and re-interpretation of existing geophysics has been completed. Past drilling tested four targets including the San Jacinto, Central, and North Jessup gold-silver resource areas, and the Tosh Hill deposit. The conclusions and the upside potential are described below:

The San Jacinto resource target contains two types of gold-silver mineralization. The first consists of high-grade, gold-silver breccias within northwest oriented, vertical dipping zones. Rock-chip sampling of these breccias has yielded gold and silver values ranging from 0.20 g/t Au to 3.70 g/t Au and 0.05 g/t Ag to 1,330.00 g/t Ag. These mineralized structures are basically "fat veins" that control the high grade within the San Jacinto deposit.

The San Jacinto breccias zone is open to the northwest for 1200 feet (400 metres) as defined by a gold-in-soil anomaly and an untested, outcropping breccia that returned 1.1 g/t gold. In addition, the breccias target is open at depth.

A second type of mineralization identified in the San Jacinto deposits is localized within a felsic rhyolite tuff. This mineralization is disseminated and yields lower grade, but because of its geometry, could deliver additional bulk-tonnage mineralization for the deposit. The flat-lying zone is open to the south.

The two types of gold-silver mineralization show distinctive trace-element geochemistry and geophysical signatures.

At North Jessup, re-interpretation of the geology and structure shows the gold-silver deposit is still open. Rock-chip sampling to the west of the deposit returned gold values grading 1.3 g/t gold and 0.93 g/t gold suggesting the mineralization extends 800 feet (260 metres) to the west.

Field mapping and cross-section work continues at Central Jessup to understand the ore controls and prepare a drilling program that could potentially connect the Central Jessup zone with North Jessup and San Jacinto.

Field work in the Tosh Hill target identified a zone that returned gold values of 12.6 g/t gold, 16.0 g/t gold and 8.1 g/t gold from rock-chip samples in the new area. This newly defined target extends the Tosh Hill mineralization 400 feet (130 metres) to the southwest.

In addition to the above known areas, mapping and sampling has identified a new target zone within the northeastern portion of the Jessup property. The new target, named Gold King, returned gold values from reconnaissance rock-chip sampling between 1.0 g/t gold to 2.6 g/t gold.

As outlined in the Company's February 28, 2008, press release, a drilling program totaling 3,000 metres and costing US$550,000 is anticipated to commence in July.

With regard to the Wilco resource update, the Company is adjusting its guidance from March 31st to mid-May for the release of the updated resource estimate. The 45-day delay is the result of assay laboratory backlogs and 3rd party contractor scheduling.

Dr. Radu Conelea, AIPG Certified Professional Geologist #06871, the Company's Chief Geologist, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and has reviewed the technical disclosure in this press release.

Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold projects. Rye Patch Gold is developing its primary assets -- the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company is seeking gold opportunities that continue to create shareholder value and leverage the gold price. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com .

On behalf of the Board of Directors
'William Howald'
William C. (Bill) Howald, CEO & President


For additional information contact:
Ms. Karen Robb, Manager Investor Relations
info@ryepatchgold.com Phone: 604-638-1588 Fax: 604-638-1589

Suite 1740 - 1177 West Hastings St., Vancouver, BC, V6E 2K3, Canada
Phone 604-638-1588    Fax 604-638-1589    www.ryepatchgold.com

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Rye Patch Gold Corp.

EXPLORATEUR
CODE : RPM.V
ISIN : CA7837271005
CUSIP : 783727 10 0
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Rye Patch Gold est une société d’exploration minière d'or basée au Canada.

Rye Patch Gold détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont LINCOLN HILL, JESSUP, WILCO, GARDEN GATE PASS et GOLD RIDGE NEVADA en USA.

Rye Patch Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 410,5 millions CA$ (318,7 millions US$, 273,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 20 février 2009 à 0,10 CA$, et son plus haut niveau récent le 19 janvier 2018 à 1,66 CA$.

Rye Patch Gold possède 387 300 000 actions en circulation.

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Financements de Rye Patch Gold Corp.
24/12/2009Closes First Tranche Of Private Placement
15/12/2009Announces Private Placement
15/12/2008Announces Private Placement
16/05/2008Rye Patch Announces Follow-Up Private Placement
16/05/2008Rye Patch Closes $1.25 Million Private Placement
Attributions d'options de Rye Patch Gold Corp.
11/06/2008Grants Stock Options
Nominations de Rye Patch Gold Corp.
22/10/2007Hires Manager Of Investor Relations
Projets de Rye Patch Gold Corp.
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16/05/2011Resource Clips: Rye Patch Works Toward Eight Million Nevada ...
09/05/2011(Wilco)Extends North Basin High-Grade Zone At Wilco
20/04/2011(Jessup)Adds Jessup to 2011 Program and Budget
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17/02/2011(Wilco)Announces 2011 Programs and Budgets for Nevada Portfolio
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25/01/2011(Wilco)Continues Drilling Success at Wilco
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11/06/2009(Lincoln Hill)Plans Program for High-Grade Gold at Lincoln Hill Project
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12/07/2013Grants Stock Options
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17/12/2011s Court Proceedings
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25/08/2011Jay Taylor writes up Rye Patch Gold Corp.
17/02/2011Announces 2011 Programs and Budgets for Nevada Portfolio
28/07/2010Leases Wilco Geothermal Rights
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26/02/2010has been added to GoldMinerPulse.com
10/02/2010Executes Definitive Agreement with Centerra Gold (U.S.) Inc....
21/10/2009Coverage in the Gold Newsletter
28/11/2008Announces Release Of Previously Escrowed Securities
04/11/2008TSX Venture Exchange Advances Rye Patch Gold To Tier 1 Statu...
24/09/2008Drills 25 Feet Grading 2.2 Ounces/Ton Au at Lincoln Hill
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19/08/2008Reports Lincoln Hill - Gold Ridge Drilling Complete
29/07/2008Reports On The Wilco Drill Program
10/07/2008Begins Drilling On Lincoln Hill And Gold Ridge
29/05/2008Confirms Ridge Gold/Silver Anomaly On Lincoln Hill
28/05/2008to be featured on CEO Clips airing on BNN
30/04/2008Increases Wilco Gold Resource
03/04/2008 Retains Renmark Financial Communications
28/02/2008Releases Project Programs And Budgets For 2008
06/02/2008Options Cortez Trend Gold Play From Barrick
19/11/2007Acquires Rights to Lincoln Hill Property, Nevada and Consoli...
17/10/2007Expands Section Line Discovery on Wilco Project
03/10/2007Completes Acquisition Of The Jessup Project, Nevada From Mid...
25/09/2007Drills 21 Metres of 2.74 g/t Gold New Gold Zone on Wilco Pro...
06/09/2007Doubles Wilco Gold Resource
21/08/2007Acquiring The Jessup Project, Nevada From Midway Gold Corp.
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